Preventive Maintenance – A Cost or a Savings? (First Published July 3, 2008) Preventive maintenance is planned or scheduled maintenance with the goal of preventing breakdowns and failures by keeping things repaired and in good working condition. Preventive maintenance in a child care business would include regular evaluation and service/repair of all mechanicals.  Mechanicals being,… Read More

Tuition Collection The collection of tuition fees is a constant challenge for most child care centers. However, the consistent, timely collection of tuition fees is critical to the cash flow and long-term success of a child care business. None payment and slow payment of tuition can be avoided, however, by developing an effective collections plan…. Read More

Maintaining Enrolled Children (First Published May 11, 2008) The cost of marketing to find and enroll a new child far exceeds the cost of keeping children already enrolled in your center. The following are five tips for maintaining enrolled children. 1. Keep parents happy. Parents that are happy with you and your employees are less… Read More

How to Choose the Right Accountant for Your Child Care Business (First Published April 26, 2008) Your accountant should be looked at as a valuable member of your professional team.  A qualified accountant can provide you with advice on your accounting system, tax planning, estate planning, and financial management.  What should you look for when… Read More

(First Published July 18, 2008) “If it wasn’t for the “paperwork” running a child care business would be more fun.”  Unfortunately, the IRS says you must keep records as longs as it may be necessary to support the income and deductions you reported on your business and personal tax return.  And, of coursed, the length… Read More